C.H. Robinson Worldwide
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), C.H. Robinson Worldwide missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share improved.
Gross margins improved, operating margins shrank, and net margins shrank.
C.H. Robinson Worldwide tallied revenue of $2.57 billion. The 19 analysts polled by S&P Capital IQ predicted revenue of $2.62 billion. Sales were 10% higher than the prior-year quarter's $2.33 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.67. The 23 earnings estimates compiled by S&P Capital IQ forecast $0.68 per share. GAAP EPS of $0.67 for Q4 were 8.2% higher than the prior-year quarter's $0.62 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 15.6%, 620 basis points better than the prior-year quarter. Operating margin was 6.7%, 40 basis points worse than the prior-year quarter. Net margin was 4.3%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.63 billion. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $11.47 billion. The average EPS estimate is $3.01.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 198 members out of 239 rating the stock outperform, and 41 members rating it underperform. Among 93 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give C.H. Robinson Worldwide a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on C.H. Robinson Worldwide is hold, with an average price target of $76.50.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.